FRIDAY, 2:53pm: The Trail Blazers have officially signed Hickson, the team announced today (Twitter link).
WEDNESDAY, 8:48pm: A source tells Sam Amick of SI.com that Hickson's deal is worth about $4MM, which is pretty close to what he would have made with his qualifying offer (Twitter link). That would be something of an about-face for the Blazers, possibly triggered by Indiana's apparent willingness to either match an offer sheet or re-sign Roy Hibbert.
8:03pm: J.J. Hickson and the Blazers have agreed to a one-year deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The team elected not to give Hickson a qualifying offer which would have been close to $4.4MM, making him an unrestricted free agent, so presumably the deal is for less than that amount.